[Executive Summary & Business Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Highlights) Ideal Power reported Q2 2025 progress, including design wins, automotive collaborations, a Stellantis order, and strategic milestones for B-TRAN® commercialization [Company Introduction & CEO Statement](index=1&type=section&id=Company%20Introduction%20%26%20CEO%20Statement) Ideal Power's CEO highlighted Q2 2025 progress, including a design win nearing prototype testing, new automotive collaborations, and a Stellantis order for B-TRAN® development - First design win customer nearing completion of B-TRAN®-enabled solid-state circuit breaker (SSCB) prototype testing, with product rollout anticipated later this year and potential for expanded offerings[3](index=3&type=chunk) - Collaborating with fourth and fifth global Tier 1 automotive suppliers for low-loss, solid-state solutions for electric vehicle (EV) contactors[3](index=3&type=chunk) - Stellantis internally approved a purchase order for custom development and packaged B-TRAN® devices targeting multiple EV applications, enabling multiple uses across Stellantis' EV platforms[3](index=3&type=chunk) [Key Operational Highlights](index=1&type=section&id=Key%20Operational%20Highlights) Ideal Power advanced its B-TRAN® commercial roadmap in Q2 2025, shipping prototypes, securing new automotive collaborations, and progressing on the Stellantis custom development order - Shipped updated solid-state circuit breaker prototypes with additional capabilities to the first design win customer, who is nearing testing completion and gathering end-customer feedback[4](index=4&type=chunk) - Entered into a collaboration with a fourth global Tier 1 automotive supplier, who is expected to begin evaluating B-TRAN® soon and plans a formal solid-state EV contactor program[4](index=4&type=chunk) - Secured an order from a fifth global Tier 1 automotive supplier for B-TRAN®-enabled devices for evaluation in their innovative solid-state EV contactor design[4](index=4&type=chunk) - Stellantis' order for custom development and packaged devices for multiple EV applications was internally approved, with Ideal Power actively engaged on EV contactor and drivetrain inverter programs[4](index=4&type=chunk) [2025 Milestones & Future Outlook](index=2&type=section&id=2025%20Milestones%20%26%20Future%20Outlook) Ideal Power achieved 2025 milestones including an Asian distribution partnership, shipping SSCB reference designs, expanding its patent estate, and outlining future commercialization goals - Added partnership with Kaimei Electronic Corp. to distribute Ideal Power's products throughout Asia, the world's largest power electronics market[6](index=6&type=chunk) - Shipped SSCB reference designs to several large companies, including two Forbes Global 500 power management leaders and the fourth and fifth global Tier 1 automotive suppliers[6](index=6&type=chunk) - B-TRAN® Patent Estate: Currently holds **96 issued B-TRAN® patents** (47 outside U.S.) and 74 pending B-TRAN® patents, with geographic coverage including North America, China, Taiwan, Japan, South Korea, India, and Europe[6](index=6&type=chunk) - Future goals include capturing additional design wins/custom development agreements, starting initial sales ramp in the second half of the year, increasing power rating of products, and completing third-party automotive qualification testing[13](index=13&type=chunk) [Financial Performance Overview](index=2&type=section&id=Financial%20Performance%20Overview) Ideal Power's Q2 2025 financial performance showed increased operating expenses and net loss, reduced cash, and decreased total assets, primarily due to lower commercial revenue [Second Quarter 2025 Financial Summary](index=2&type=section&id=Second%20Quarter%202025%20Financial%20Summary) Ideal Power reported increased cash usage, higher operating expenses driven by R&D, and an increased net loss for Q2 and 1H 2025, with cash at **$11.1 million** Cash Flow and Equivalents | Metric | Q2 2025 | Q2 2024 | 1H 2025 | 1H 2024 | | :-------------------------------- | :---------- | :---------- | :---------- | :---------- | | Cash used in operating and investing activities | $2.5 million | $2.2 million | $4.6 million | $4.2 million | | Cash and cash equivalents (as of June 30) | $11.1 million | N/A | N/A | N/A | - No long-term debt was outstanding at June 30, 2025[6](index=6&type=chunk) Operating Expenses and Net Loss | Metric | Q2 2025 | Q2 2024 | | :----------------- | :---------- | :---------- | | Operating expenses | $3.1 million | $2.9 million | | Net loss | $3.0 million | $2.7 million | - Increase in operating expenses in Q2 2025 was primarily driven by higher research and development spending[6](index=6&type=chunk) [Balance Sheets](index=5&type=section&id=Balance%20Sheets) Ideal Power's total assets decreased to **$14.9 million** by June 30, 2025, driven by reduced cash, while total liabilities slightly increased and equity significantly decreased Key Balance Sheet Metrics | Metric | June 30, 2025 | December 31, 2024 | Change | | :-------------------------- | :-------------- | :---------------- | :----- | | Total assets | $14,948,016 | $19,826,684 | -$4,878,668 | | Cash and cash equivalents | $11,105,553 | $15,842,850 | -$4,737,297 | | Total liabilities | $2,209,675 | $1,971,520 | +$238,155 | | Total stockholders' equity | $12,738,341 | $17,855,164 | -$5,116,823 | [Statements of Operations](index=6&type=section&id=Statements%20of%20Operations) Ideal Power experienced a significant decrease in commercial revenue, leading to increased gross losses and a higher net loss for Q2 and 1H 2025, with R&D driving operating expense increases Revenue and Gross Profit (Loss) | Metric | Q2 2025 | Q2 2024 | 1H 2025 | 1H 2024 | | :---------------------- | :-------- | :-------- | :-------- | :-------- | | Commercial revenue | $1,275 | $1,331 | $13,278 | $80,070 | | Cost of commercial revenue | $3,477 | $17,474 | $34,339 | $85,972 | | Gross profit (loss) | $(2,202) | $(16,143) | $(21,061) | $(5,902) | Operating Expenses and Net Loss | Metric | Q2 2025 | Q2 2024 | 1H 2025 | 1H 2024 | | :---------------------- | :---------- | :---------- | :---------- | :---------- | | Research and development | $1,900,019 | $1,562,747 | $3,468,011 | $2,929,640 | | General and administrative | $897,239 | $947,384 | $1,797,060 | $1,801,072 | | Sales and marketing | $341,033 | $359,739 | $679,193 | $676,350 | | Total operating expenses | $3,138,291 | $2,869,870 | $5,944,264 | $5,407,062 | | Loss from operations | $(3,140,493) | $(2,886,013) | $(5,965,325) | $(5,412,964) | | Net loss | $(3,036,765) | $(2,662,065) | $(5,739,789) | $(5,131,691) | | Net loss per share | $(0.33) | $(0.31) | $(0.63) | $(0.69) | [Statements of Cash Flows](index=7&type=section&id=Statements%20of%20Cash%20Flows) Net cash used in operating activities increased to **$4.4 million** in 1H 2025, with a significant shift to cash outflow from financing activities, resulting in a **$4.7 million** decrease in cash and equivalents Cash Flow Summary | Metric | 1H 2025 | 1H 2024 | | :------------------------------------------ | :---------- | :---------- | | Net cash used in operating activities | $(4,425,301) | $(3,970,930) | | Net cash used in investing activities | $(220,337) | $(239,004) | | Net cash provided by (used in) financing activities | $(91,659) | $15,799,996 | | Net Increase (decrease) in cash and cash equivalents | $(4,737,297) | $11,590,062 | | Cash and cash equivalents at end of the period | $11,105,553 | $20,064,897 | - The significant change in financing activities from a net inflow in 1H 2024 to a net outflow in 1H 2025 is primarily due to the absence of net proceeds from the issuance of common stock and pre-funded warrants in 2025[21](index=21&type=chunk) [Additional Corporate Information](index=3&type=section&id=Additional%20Corporate%20Information) This section provides details on Ideal Power's upcoming conference call, investor conference participation, company overview, forward-looking statement disclaimer, and investor relations contact [Conference Call & Webcast Details](index=3&type=section&id=Conference%20Call%20%26%20Webcast%20Details) Ideal Power will host a conference call and webcast on **August 14, 2025, at 10:00 AM ET** to discuss Q2 2025 results, with replay options available - Conference call and webcast for Q2 2025 results scheduled for Thursday, August 14, 2025, at 10:00 AM Eastern Time[7](index=7&type=chunk) - Access available via dial-in (U.S./Canada: 888-506-0062, International: 973-528-0011, Passcode: 422159) and a live webcast portal[8](index=8&type=chunk)[9](index=9&type=chunk) - An audio replay will be available until Midnight on August 28, 2025, using passcode 52771[8](index=8&type=chunk) [Upcoming Investor Conference](index=3&type=section&id=Upcoming%20Investor%20Conference) Ideal Power will participate in the H.C. Wainwright 27th Annual Global Investment Conference in New York on **September 8, 2025**, with webcast access available - Ideal Power will participate in the H.C. Wainwright 27th Annual Global Investment Conference in New York on September 8, 2025[10](index=10&type=chunk) - A live, interactive webcast and slide presentation will be accessible on the Company's Investor Relations website under the Events tab[11](index=11&type=chunk) [About Ideal Power Inc.](index=3&type=section&id=About%20Ideal%20Power%20Inc.) Ideal Power develops the patented B-TRAN® bidirectional semiconductor power switch, providing efficient, eco-friendly energy control solutions for diverse applications - Ideal Power is the developer and provider of the broadly patented B-TRAN® bidirectional semiconductor power switch[12](index=12&type=chunk) - B-TRAN® creates highly efficient and eco-friendly energy control solutions for electric vehicle, EV charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker, and other industrial and military applications[12](index=12&type=chunk) - B-TRAN® is a unique double-sided bidirectional AC switch that delivers substantial performance improvements, reducing conduction and switching losses, complexity of thermal management, and operating cost[12](index=12&type=chunk) [Safe Harbor Statement](index=4&type=section&id=Safe%20Harbor%20Statement) This disclaimer states that all non-historical statements are forward-looking, subject to risks, and should not be relied upon as predictions of actual results - All non-historical statements are "forward-looking statements" subject to risks, uncertainties, and other factors that could cause actual results to differ materially[14](index=14&type=chunk) - Risks include the success of B-TRAN® technology, patent protection, pace of development and commercialization, market acceptance, global health pandemics, supply chain disruptions, and performance of future products[14](index=14&type=chunk) - Investors should not place reliance on forward-looking statements as a prediction of actual results, and the company disclaims any obligation to update them, except as required by law[14](index=14&type=chunk) [Investor Relations Contact](index=4&type=section&id=Investor%20Relations%20Contact) Contact information for Ideal Power's investor relations is provided, handled by Jeff Christensen of Darrow Associates Investor Relations - Investor Relations Contact: **Jeff Christensen**, Darrow Associates Investor Relations[15](index=15&type=chunk) - Contact details: jchristensen@darrowir.com, 703-297-6917[15](index=15&type=chunk)

Core Insights - Ideal Power Inc. reported its second quarter results for 2025, highlighting progress in its B-TRAN® technology and collaborations with major automotive suppliers [1][3]. Company Developments - The first design win customer is close to completing prototype testing for their B-TRAN®-enabled solid-state circuit breaker (SSCB), with an anticipated product rollout later this year [2]. - Collaborations have expanded to include four and five global Tier 1 automotive suppliers, focusing on low-loss, solid-state solutions for electric vehicle (EV) contactors [2][5]. - Stellantis has approved a purchase order for custom development of B-TRAN® devices for multiple EV applications, indicating a strategic partnership [2][5]. - A partnership with Kaimei Electronic Corp. has been established to distribute Ideal Power's products throughout Asia, a key market for power electronics [5]. Financial Performance - Cash used in operating and investing activities in Q2 2025 was $2.5 million, up from $2.2 million in Q2 2024 [5]. - Operating expenses for Q2 2025 were $3.1 million, compared to $2.9 million in Q2 2024, primarily due to increased research and development spending [5]. - The net loss for Q2 2025 was $3.0 million, compared to a net loss of $2.7 million in Q2 2024 [5][17]. - Cash and cash equivalents totaled $11.1 million as of June 30, 2025, down from $15.8 million at the end of 2024 [15]. Patent and Technology - Ideal Power currently holds 96 issued B-TRAN® patents, with 47 issued outside the United States and 74 pending [5]. - The B-TRAN® technology is positioned as a highly efficient and eco-friendly solution for various applications, including EVs and renewable energy [11]. Future Milestones - The company has set several milestones for 2025, including securing additional design wins and starting initial sales ramp in the second half of the year [13].

Core Viewpoint - Ideal Power Inc. is set to discuss its second-quarter results for 2025 during a conference call on August 14, 2025, highlighting its innovative B-TRAN® technology and its applications in various industries [1][2]. Company Overview - Ideal Power Inc. is a developer and provider of the patented B-TRAN® bidirectional semiconductor power switch, which offers highly efficient and eco-friendly energy control solutions [5]. - The B-TRAN® technology is designed to improve performance in AC power switching, reducing conduction and switching losses, and lowering operating costs [5]. Conference Call Details - The conference call will be hosted by Ideal Power's President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session for analysts and investors [2]. - Interested participants can access the call by dialing specific numbers for U.S./Canada and international callers, with a recommended login time of 10 minutes prior to the start [3]. - An audio replay of the call will be available for a limited time after the live event [3]. Webcast Information - The live webcast and interactive Q&A will be available on the Company's Investor Relations website, with an archive for future viewing [4].

Core Viewpoint - Ideal Power Inc is gaining traction in the electric vehicle sector with a new order from a global Tier 1 automotive supplier for its B-TRAN semiconductor devices and SymCool power modules, which are essential for next-generation solid-state EV contactor designs [1] Group 1: Customer Engagement and Market Positioning - The CEO highlights the increasing traction of B-TRAN in both automotive and industrial markets, emphasizing the importance of recent customer engagements and the company's scaling efforts to meet anticipated demand [2] - Ideal Power is actively working with Stellantis and multiple Tier 1 suppliers, positioning itself for broader adoption of its high-efficiency power semiconductor solutions [2][5] - The education process for Tier 1 suppliers is becoming more efficient, allowing for quicker adoption of Ideal Power's technology [4][6] Group 2: Production and Development Capabilities - The company has established multiple wafer fabrication partners to meet production needs for the next few years, ensuring readiness for increased demand [12] - Ideal Power is prepared to license its technology to additional providers if necessary, allowing the company to focus on technology development while meeting automaker demands [13] - The company is not constrained by its relationships with automakers, leveraging insights gained from various engagements to enhance its offerings [14] Group 3: Future Developments - Upcoming updates are expected regarding the collaboration with Stellantis, design wins in industrial applications, and progress in the automotive qualification process [15] - The company aims to enhance the power rating of its products to improve performance, indicating a strong pipeline of developments [15]

Core Insights - Ideal Power Inc is making significant progress in the electric vehicle (EV) market by engaging with multiple tier one automotive suppliers and original equipment manufacturers (OEMs) to evaluate its B-TRAN technology [1][3]. Group 1: Company Developments - The company has signed its fifth tier one automotive supplier, indicating strong commercial momentum and interest in its technology [1][3]. - Ideal Power is currently working with three automotive OEMs, reflecting the growing demand for its innovative solutions [1][3]. - The engagement with automotive suppliers includes budgetary quotes for millions of SymCool modules, showcasing the scale of opportunity in the EV market [4][5]. Group 2: Technology Advantages - Ideal Power's SymCool modules utilize B-TRAN double-sided semiconductor switches, which are designed to replace conventional contactors in EV systems, enhancing power efficiency and reliability [2][6]. - The B-TRAN technology offers exceptionally low conduction losses, which minimizes heat generation and maximizes energy efficiency, thereby extending the vehicle's range [6][7]. - The technology is based on silicon, avoiding the use of exotic materials that many competitors rely on, which could provide a competitive edge [7]. Group 3: Market Trends and Future Outlook - The company anticipates that solid-state contactors will surpass electromechanical ones within the next five years, with key milestones to watch for being program awards for EV contactors [8]. - As automakers commit to integrating Ideal Power's technology into their platforms, it is expected to lead to high-volume applications, indicating a strong future demand [8].

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

B-TRAN® Technology and Advantages - B-TRAN® is a disruptive semiconductor power switch with advantages over conventional technologies[9] - B-TRAN® replaces 4 conventional devices to provide a bidirectional switch, with >5x better conduction losses than IGBT + Blocking Diode[14, 16] - B-TRAN® increases EV efficiency and range by an estimated 7 to 10%[37] Market Opportunity - The Serviceable Addressable Market (SAM) for B-TRAN® is $7.6 billion with a 16% CAGR[18] - $1.0 billion SAM for solid-state switchgear market[52] - $1.4 billion SAM for energy and power markets[53] Commercial Progress - Secured first design win for Solid-State Circuit Breakers (SSCBs)[9] - First B-TRAN® based SSCB could potentially translate to Ideal Power revenue of several hundred thousand dollars in the first year and more than a million dollars in the second year[30] - Ongoing development program with Stellantis for custom B-TRAN® module for EV drivetrain[9] Products and Partnerships - Commercial products include B-TRAN® Discrete, SymCool®, and SymCool® IQ[47, 49] - Collaborations with three global automakers, a top 10 global solar power conversion provider, three Forbes Global 500 power management market leaders, three Tier 1 global automotive suppliers, a global provider of backup power and energy management solutions, and a global power conversion supplier[46] Intellectual Property and Financials - Broad patent estate with 94 issued and 70 pending patents[9] - Cash balance of $13.7 million as of March 31, 2025[62]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Ideal Power Inc. has announced a partnership with Kaimei Electronic Corp. to distribute its B-TRAN® technology across Asia, leveraging Kaimei's established customer base and market presence [1][2][3] Company Overview - Ideal Power is a developer of the patented B-TRAN® bidirectional semiconductor power switch, which offers significant efficiency improvements for various applications including electric vehicles, renewable energy, and energy storage [5] - The B-TRAN® technology is designed to reduce conduction and switching losses, simplify thermal management, and lower operating costs in AC power switching [5] Partnership Details - The partnership with Kaimei will allow Ideal Power to utilize Kaimei's extensive sales expertise and customer network, targeting shared markets such as industrial, automotive, renewable energy, and EV charging [2][3] - Kaimei has a strong track record, operating in 60 countries and providing high value-added electronic components [2][6] Market Context - Asia is identified as the largest market for power electronics, with companies in the region typically adopting new technologies more rapidly than those in Europe and the U.S. [3] - The collaboration aims to drive revenue growth and secure additional design wins for Ideal Power's B-TRAN® technology [3][4] Business Model - The distribution agreement aligns with Ideal Power's asset-light business model, allowing the company to focus on technology improvements and commercialization while maintaining working capital efficiency [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]